Good Shroom Changes Name to Mercanto Holdings Inc.

Mercanto Holdings logo

MONTREAL – The Good Shroom Co Inc., an emerging cannabis, changed its name to Mercanto Holdings Inc. The company’s trading symbols on the TSX Venture Exchange (TSXV) will remain unchanged. As part of the name change, the common shares of the Company have been assigned new CUSIP 58757P107 and ISIN CA58757P1071 numbers.

The company also adopted a new “fixed up to 20%” stock option plan. The New Fixed Option Plan received conditional TSXV approval and shareholders of the company approved the New Fixed Option Plan at the Company’s Annual General Special Meeting of the Shareholders’ on January 29. Also during the meeting, Eric Ronsse, Franck Aton, Steve Saviuk and Michel Dahan were re-elected to the board of directors, and Raymond Chabot Grant Thornton LLP was appointed auditor for the coming year.

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New Fixed Option Plan

The New Fixed Option Plan, which replaced the company’s “rolling up to 10%” stock option plan, was adopted to comply with Exchange Policy 4.4— Security Based Compensation (“Policy 4.4”) which was amended November 24, 2021.

The purpose of the New Fixed Option Plan is to give to directors, officers, employees, management company employees, consultants and Eligible Charitable Organizations (as such term is defined in Policy 4.4) of the Company and its subsidiaries, as additional compensation, the opportunity to participate in the success of the Company by granting to such Eligible Persons stock options, exercisable over a period of up to ten years as determined by the Board, to buy shares of the company at a price not less than the market price prevailing on the date the Option is granted less applicable discount, if any, permitted by the policies of the TSXV and approved by the Board. Up to 10,154,937 Options are issuable under the New Fixed Option Plan.

Additional details regarding the Fixed Option Plan are contained in the Company’s information circular dated December 31, 2024, which has been filed on www.sedarplus.ca under the Company’s profile.

About Mercanto Holdings Inc.

Mercanto Holdings Inc. (TSXV: MUSH) is an emerging cannabis company that sells a variety of traditional cannabis products, with its primary market in Quebec but expanding nationally.

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